HolyCoast: Recovery Summer
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Friday, August 06, 2010

Recovery Summer

How's that recovery coming, Mr. President?
Friday's employment report provided an odd mix of unpleasant surprises that add another question mark to the pace of economic recovery.

Companies cut back on temporary hires, a segment normally considered a harbinger of future hiring. Government jobs dried up much faster than anticipated and not just because it saw the end of short-term census jobs.

The jobless rate held steady at 9.5 percent, defying expectations for a slight increase, but that was only because thousands more people dropped out of the labor force.
America isn't going to recover until the Democrats are out of power.

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